It is the one of the biggest hotel deals in recent years in Europe. The Israeli hotel chain Fattal Hotels/Leonardo hotels together with an international investment consortium signed an agreement of acquirence the entire share capital of the Queens Moat Houses Holding GmbH (Germany) (The hotel group currently consisting of 20 hotels: 15 Holiday Inn hotels, four Best Western hotels and Queens Hotel).
The properties are located in Berlin, Munich, Dusseldorf, Frankfurt, Cologne, Hamburg, Heidelberg, Wolfsburg, Hanover, Baden-Baden, Aachen, Mönchengladbach and Karlsruhe. Portfolio includes more than 3,600 rooms, 28 restaurants and 29 bars and 154 meeting rooms with a total area of 9675 square meters.
"This investment in line with our expansion plans - the hotels perfectly complement our existing portfolio. We want to continue growing and continuously negotiate projects in major cities in Europe," says CEO David Fattal Fattal Hotels / Leonardo Hotels.
With this new portfolio, the Fattal Hotel Group grows to 85 hotels with over 16,000 rooms. Of these, there are 54 hotels and 8,449 rooms in Europe (Austria, Switzerland, Belgium, Hungary and Germany) and 31 hotels with 7,600 rooms in Israel. With the acquisition of the portfolio of QMH Germany Fattal Hotels 45 Hotels will manage in 20 German cities.
Since 2007, Leonardo Hotels has also represented on the European market and is present with over 80 hotels in Israel, Germany, Austria, Switzerland, Belgium and Hungary. Leonardo Hotels Europe stands for houses in attractive destinations with individual ambience, design and atmosphere. Each hotel is characterized by a regional character and the specific local context destination.
There are 7 Leonardo Hotels in Berlin, among them Leonardo Royal Hotel Berlin Alexanderplatz.